Search found 329 matches

by WJW
Tue Apr 06, 2021 6:35 am
Forum: Investing - Theory, News & General
Topic: How to make a decision on real estate investing vs stock/bond portfolio?
Replies: 2
Views: 423

Re: How to make a decision on real estate investing vs stock/bond portfolio?

The financial portfolio is the default. When I look at RE investing in comparison my thoughts go to: * Do I have the time and energy to manage tenants? * If not, can I be confident in finding a good PM company? * Is now even a right time to buy property? * Is out of state investing viable? Overall ...
by WJW
Thu Apr 01, 2021 6:42 am
Forum: Personal Investments
Topic: HELOC on investment property not allowed??
Replies: 26
Views: 1838

Re: HELOC on investment property not allowed??

Take a HELOC on your primary then, it's all the same pot...
by WJW
Thu Apr 01, 2021 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Questionable offer for as is house
Replies: 16
Views: 2526

Re: Questionable offer for as is house

Let the market determine the price, not one realtor.
by WJW
Fri Mar 26, 2021 5:33 am
Forum: Personal Consumer Issues
Topic: House inspection report
Replies: 22
Views: 2411

Re: House inspection report

I wouldn't worry. The question was asked, and you got the answer from the sellers. I can tell you form experience that not all sellers or realtors are honest. True. Asking them a second time won’t make them be more honest though. But this is a plausible explanation. Nobody gets to buy a perfect hou...
by WJW
Thu Mar 25, 2021 7:45 am
Forum: Personal Consumer Issues
Topic: House inspection report
Replies: 22
Views: 2411

Re: House inspection report

Normchad wrote: Wed Mar 24, 2021 10:13 pm I wouldn't worry. The question was asked, and you got the answer from the sellers.
I can tell you form experience that not all sellers or realtors are honest.
by WJW
Thu Mar 25, 2021 7:08 am
Forum: Personal Consumer Issues
Topic: Shower pan leak—advice please
Replies: 24
Views: 2059

Re: Shower pan leak—advice please

I just spent $3000 too tear out an entire shower pan and wall tile system down to the studs because of a faulty install when the home was built 12 years ago. Suggest not waiting and do whatever it takes to fix things properly. j🌺 This. As a former general contractor and now home inspector, I have s...
by WJW
Thu Mar 25, 2021 7:01 am
Forum: Personal Consumer Issues
Topic: House inspection report
Replies: 22
Views: 2411

Re: House inspection report

You could take a thermal image of the area to determine if the insulation was placed back or if there is signs of moisture there. Most home inspectors carry them as part of their toolkit. I certainly do...

If there is a shower pan above it could lead to an expensive repair.
by WJW
Thu Mar 25, 2021 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 475
Views: 64078

Re: Tales from this insane real estate market

Same story in Northern NJ outside of NYC. Houses are receiving 40+ offers in a weekend selling for $100k+ over asking every time... As a home inspector, the inspection has to be done within 7 days and is for informational purposes only. There are no sellers concessions being offered for repairs/defe...
by WJW
Thu Mar 25, 2021 6:50 am
Forum: Personal Consumer Issues
Topic: What did you successfully downshift to?
Replies: 65
Views: 7499

Re: What did you successfully downshift to?

In addition to managing my rental real estate, I opened a home inspection business after 23 years as a general contractor but due to Covid it has not been easy to get in front of new agents so the business is off to a slower start than I anticipated. I am currently entertaining the idea of also sel...
by WJW
Thu Mar 25, 2021 6:42 am
Forum: Personal Consumer Issues
Topic: What did you successfully downshift to?
Replies: 65
Views: 7499

Re: What did you successfully downshift to?

In addition to managing my rental real estate, I opened a home inspection business after 23 years as a general contractor but due to Covid it has not been easy to get in front of new agents so the business is off to a slower start than I anticipated. I am currently entertaining the idea of also sell...
by WJW
Tue Sep 29, 2020 3:15 pm
Forum: Personal Consumer Issues
Topic: Is my electric HVAC unit a heat pump?
Replies: 21
Views: 1037

Re: Is my electric HVAC unit a heat pump?

All air conditioners are heat pumps That's not true. In many ways, heat pumps are functionally the same as conventional air conditioners. The only real difference is that a heat pump can reverse itself so it can provide heating when needed. So basically, it’s an air conditioner that can reverse its...
by WJW
Tue Sep 29, 2020 3:14 pm
Forum: Personal Consumer Issues
Topic: Is my electric HVAC unit a heat pump?
Replies: 21
Views: 1037

Re: Is my electric HVAC unit a heat pump?

Thanks all! There's no eheat or emergency heat option on the thermostat. This is definitely an all electric unit (no gas), but I'm still not quite clear on whether that means it uses the outdoor compressor, or if some units rely entirely on resistance heating? The outdoor unit has a model number of...
by WJW
Tue Sep 29, 2020 3:00 pm
Forum: Personal Consumer Issues
Topic: Is my electric HVAC unit a heat pump?
Replies: 21
Views: 1037

Re: Is my electric HVAC unit a heat pump?

That is still untrue. Air conditioners do not provide heating, but heat pumps do. Thanks to a reversing valve in the outdoor unit, a heat pump can absorb heat energy from outside air, even in extremely cold temperatures, and transfer the heat inside the home, where it releases the heat into the air...
by WJW
Tue Sep 29, 2020 2:55 pm
Forum: Personal Consumer Issues
Topic: New Roof leaks - roofing company unresponsive
Replies: 9
Views: 1426

Re: New Roof leaks - roofing company unresponsive

If it's already leaking, there is likely an issue with the installation. I would contact a reputable roofer and pay them for a full inspection. With their report in hand, my next call would likely be to my attorney.
by WJW
Tue Sep 29, 2020 2:43 pm
Forum: Personal Consumer Issues
Topic: Is my electric HVAC unit a heat pump?
Replies: 21
Views: 1037

Re: Is my electric HVAC unit a heat pump?

All air conditioners are heat pumps That's not true. In many ways, heat pumps are functionally the same as conventional air conditioners. The only real difference is that a heat pump can reverse itself so it can provide heating when needed. So basically, it’s an air conditioner that can reverse its...
by WJW
Tue Sep 29, 2020 1:15 pm
Forum: Personal Consumer Issues
Topic: Is my electric HVAC unit a heat pump?
Replies: 21
Views: 1037

Re: Is my electric HVAC unit a heat pump?

All air conditioners are heat pumps That's not true. In many ways, heat pumps are functionally the same as conventional air conditioners. The only real difference is that a heat pump can reverse itself so it can provide heating when needed. So basically, it’s an air conditioner that can reverse its...
by WJW
Sat Sep 05, 2020 7:57 pm
Forum: Personal Investments
Topic: [Where can I put my cash (taxable)? What if I get sued?]
Replies: 8
Views: 1185

Re: [Where can I put my cash (taxable)? What if I get sued?]

In most places, the money in the account can be seized in a lawsuit or otherwise with a court order to satisfy the debts of either account holder.
by WJW
Thu Aug 27, 2020 6:09 am
Forum: Personal Investments
Topic: Real estate continues to soar (great for landlords)
Replies: 71
Views: 6106

Re: Real estate continues to soar (great for landlords)

Just closed on first commercial real estate property, 7 tenants, 5 committed through 2021, 2 discussing. Positive cash flow from day 1. Got a good deal with covid fear ongoing. So far only had single family rental, first time doing commercial, will see how things go, but long term do feel, maybe sm...
by WJW
Sun Aug 16, 2020 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Desperately need advice regarding my business lease.
Replies: 33
Views: 2152

Re: Desperately need advice regarding my business lease.

You got to know when to hold them and know when to fold them. In this scenario, I'd fold them.

A lot of folks warned you about this business idea, you should've listened.
by WJW
Sun Aug 02, 2020 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a rental and hiring a property management company
Replies: 29
Views: 2678

Re: Thoughts on buying a rental and hiring a property management company

As a landlord, I self-manage my properties. I avoid the 8-10% haircut of my gross rents plus all the additional fees for repairs, etc... And after dealing with people for so many years, there is no-one that I trust to manage and maintain my properties the way I do.
by WJW
Mon Jul 27, 2020 6:41 am
Forum: Personal Consumer Issues
Topic: Do you drink drink coffee and why or why not?
Replies: 36
Views: 2267

Re: Do you drink drink coffee and why or why not?

I drink 4-5 mugs a day. My body now doesn't recognize coffee as a stimulant. After 2 mugs, heart rate still in 40s or 50s. BP normal. Heart rate does rise during workout to 115. I enjoy the taste. Black coffee only. Interesting, I used to be able to drink coffee and espresso right up to bed time an...
by WJW
Mon Jul 27, 2020 6:33 am
Forum: Personal Consumer Issues
Topic: Do you drink drink coffee and why or why not?
Replies: 36
Views: 2267

Re: Do you drink drink coffee and why or why not?

Yup, 2-3 cups in the morn, 1 decaf in the afternoon, black - no sugar, because I enjoy it.
by WJW
Thu Jul 23, 2020 6:10 am
Forum: Personal Consumer Issues
Topic: Who's tested for Radon? Who's mitigated?
Replies: 29
Views: 2029

Re: Who's tested for Radon? Who's mitigated?

As a NJ home inspector, I test for radon in every home that I inspect. It is not common but mitigation does need to happen from time to time, and typically involves installing a system to vent the soil beneath the basement slab.
by WJW
Sat Jul 18, 2020 4:41 am
Forum: Personal Consumer Issues
Topic: How do you buy time with money?
Replies: 47
Views: 4029

Re: How do you buy time with money?

- Running a business from a home office (no commuting time and set my own hours). Allows for time freedom and ability to go to the beach, etc...when less crowds/traffic - Shopping online (groceries, clothing, home maintenance and repair items, etc..) - Childfree (ability to travel off-season when le...
by WJW
Thu Jul 09, 2020 5:57 pm
Forum: Personal Investments
Topic: Any Commercial Landlords Out There? Questions Abt Non-Paying NNN Tenant
Replies: 28
Views: 2611

Re: Any Commercial Landlords Out There? Questions Abt Non-Paying NNN Tenant

An elderly family member was sweet talked into selling her one property, developed over her lifetime (fully rented, long-term tenants, mostly hands off). Then same broker sold her a single-tenant NNN in another state. I advised her not to do it. Too much risk. The NNN is a sit-down restaurant chain...
by WJW
Wed Jul 01, 2020 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 164
Views: 20947

Re: Landlords: How are you doing this year?

2 properties - 5 units. No issues at all, not raising rents in 2020 as a token of appreciation.

I would buy additional properties if the deal makes sense.
by WJW
Sun Jun 28, 2020 7:45 am
Forum: Personal Consumer Issues
Topic: Face Masks
Replies: 23
Views: 4134

Re: Face Masks

I don't wear a mask for health reasons and wish others would mind their own business and simply wear their mask and keep their distance as they see fit.

I don't bother others for wearing a mask and expect the same courtesy.
by WJW
Fri Jun 26, 2020 7:20 am
Forum: Personal Consumer Issues
Topic: Buying a house - survey necessary?
Replies: 32
Views: 2601

Re: Buying a house - survey necessary?

A land survey will help protect your investment. A survey can reveal the exact property dimensions, size and location of the home on the property, as well as any other improvements on the land, such as a driveway that may be crossing a property line. Sometimes a lender will require some type of surv...
by WJW
Fri Jun 26, 2020 6:37 am
Forum: Personal Investments
Topic: Leverage While Young on Real Estate?
Replies: 27
Views: 2091

Re: Leverage While Young on Real Estate?

The Question: Would you take advantage of cheap rates and put a mortgage on the paid off condo at 75% LTV? That would give us 75K + 50K = 125K down payment on 4plex? Or simply leave the condo paid off and purchase what we can with about 200K of buying power and 25% down (50K) for the next rental? H...
by WJW
Thu Jun 25, 2020 7:44 pm
Forum: Personal Investments
Topic: Leverage While Young on Real Estate?
Replies: 27
Views: 2091

Re: Leverage While Young on Real Estate?

The Question: Would you take advantage of cheap rates and put a mortgage on the paid off condo at 75% LTV? That would give us 75K + 50K = 125K down payment on 4plex? Or simply leave the condo paid off and purchase what we can with about 200K of buying power and 25% down (50K) for the next rental? H...
by WJW
Thu Jun 25, 2020 6:43 pm
Forum: Personal Investments
Topic: Leverage While Young on Real Estate?
Replies: 27
Views: 2091

Re: Leverage While Young on Real Estate?

The Question: Would you take advantage of cheap rates and put a mortgage on the paid off condo at 75% LTV? That would give us 75K + 50K = 125K down payment on 4plex? Or simply leave the condo paid off and purchase what we can with about 200K of buying power and 25% down (50K) for the next rental? H...
by WJW
Tue Jun 16, 2020 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 121481

Re: Why are you NOT buying rental properties?

Back on topic. I have a multifamily property that nets $32k annually after ALL expenses (not including appreciation and tax deductions, etc..). If I were to sell it, I would realize about $460k after all sales costs. Looking at it from a 4% safe withdrawal rate, I would be able to extract $18k annu...
by WJW
Mon Jun 15, 2020 5:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%
Replies: 120
Views: 11985

Re: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%

Call it what you will. I sold higher than I paid and used the money for other investments which are not international equities but not all US equities either. Irregardless, I made a decision and executed it. There are so many variables on what else I could have done with the money that it will be i...
by WJW
Mon Jun 15, 2020 1:46 pm
Forum: Investing - Theory, News & General
Topic: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%
Replies: 120
Views: 11985

Re: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%

I hope Vanguard is wrong as I completely exited Int'l this year... Buy high, sell low as they say. :shock: Considering I bought the fund in June 2010, I think not. Had I invested say in the S&P 500 fund, I would have had double the money. And considering when I made the trade this year, I am ha...
by WJW
Mon Jun 15, 2020 5:55 am
Forum: Investing - Theory, News & General
Topic: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%
Replies: 120
Views: 11985

Re: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%

I hope Vanguard is wrong as I completely exited Int'l this year... Buy high, sell low as they say. :shock: Considering I bought the fund in June 2010, I think not. Had I invested say in the S&P 500 fund, I would have had double the money. And considering when I made the trade this year, I am ha...
by WJW
Sun Jun 14, 2020 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 121481

Re: Why are you NOT buying rental properties?

Back on topic. I have a multifamily property that nets $32k annually after ALL expenses (not including appreciation and tax deductions, etc..). If I were to sell it, I would realize about $460k after all sales costs. Looking at it from a 4% safe withdrawal rate, I would be able to extract $18k annua...
by WJW
Sun Jun 14, 2020 2:08 pm
Forum: Investing - Theory, News & General
Topic: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%
Replies: 120
Views: 11985

Re: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%

I hope Vanguard is wrong as I completely exited Int'l this year... I never entered international. I have always subscribed to Jack Bogle's view that a US total stock index provides sufficient exposure to global markets while avoiding the risks unique to international stocks. In 2010, I had a financ...
by WJW
Sun Jun 14, 2020 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Close my S-Corp? Pros and Cons?
Replies: 8
Views: 546

Re: Should I Close my S-Corp? Pros and Cons?

If you still need some liability protection and want to separate your business from your personal affairs, you should consider closing the S Corp and opening an LLC. A limited liability company (LLC) is a business structure in the United States whereby the owners are not personally liable for the c...
by WJW
Sun Jun 14, 2020 1:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%
Replies: 120
Views: 11985

Re: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%

I hope Vanguard is wrong as I completely exited Int'l this year... Alternately: you don’t need worry about the performance of something you don’t invest in. How have gold and emerging markets bonds done this year? I don’t know and I don’t care. (I can, of course, reasonably presume that the former ...
by WJW
Sun Jun 14, 2020 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Close my S-Corp? Pros and Cons?
Replies: 8
Views: 546

Re: Should I Close my S-Corp? Pros and Cons?

If you still need some liability protection and want to separate your business from your personal affairs, you should consider closing the S Corp and opening an LLC. A limited liability company (LLC) is a business structure in the United States whereby the owners are not personally liable for the c...
by WJW
Sun Jun 14, 2020 1:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%
Replies: 120
Views: 11985

Re: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%

I hope Vanguard is wrong as I completely exited Int'l this year...
by WJW
Sun Jun 14, 2020 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Close my S-Corp? Pros and Cons?
Replies: 8
Views: 546

Re: Should I Close my S-Corp? Pros and Cons?

If you still need some liability protection and want to separate your business from your personal affairs, you should consider closing the S Corp and opening an LLC. A limited liability company (LLC) is a business structure in the United States whereby the owners are not personally liable for the co...
by WJW
Tue Jun 02, 2020 8:25 pm
Forum: Personal Consumer Issues
Topic: Are you still going to the grocery store or using a delivery service? Which?
Replies: 329
Views: 25418

Re: Are you still going to the grocery store or using a delivery service? Which?

We use Amazon/Whole Foods delivery, Thrive, farm stands and small natural food markets in person if necessary.
by WJW
Tue Jun 02, 2020 8:18 pm
Forum: Personal Consumer Issues
Topic: Real estate/home sale commission fee question
Replies: 12
Views: 1106

Re: Real estate/home sale commission fee question

Seems like the broker is helping his brother out and trying to do it tax free. I would have no problem with that deal, as it works in your favor.
by WJW
Tue Jun 02, 2020 6:14 am
Forum: Personal Investments
Topic: A question to the real estate investors
Replies: 19
Views: 1505

Re: A question to the real estate investors

Are the rents at market rate or can they be increased? I personally would not invest in a negative yielding property unless it was an ultra short term mortgage or I saw some potential to increase the revenue side. Recently in one of my properties, I was able to divide the basement into rental storag...
by WJW
Sun May 31, 2020 7:27 am
Forum: Personal Investments
Topic: Real Estate Investing
Replies: 9
Views: 978

Re: Real Estate Investing

https://johntreed.com/collections/real- ... investment

I directly invest in real estate (1-4 unit multi-family homes to be exact) and have done well with them. Your mileage may vary.
by WJW
Sat May 30, 2020 8:15 pm
Forum: Personal Consumer Issues
Topic: Carolina/Virginia Summer Vacation
Replies: 56
Views: 3269

Re: Carolina/Virginia Summer Vacation

The CNN article you quote is from 2020/03/30. Sorry, here is a more recent article https://nypost.com/2020/05/28/healthy-people-should-wear-masks-only-if-caring-for-coronavirus-patients-who-says/ I still don't see the words "media hype" and "ridiculous" You are reading the wrong...
by WJW
Sat May 30, 2020 8:01 pm
Forum: Personal Consumer Issues
Topic: Carolina/Virginia Summer Vacation
Replies: 56
Views: 3269

Re: Carolina/Virginia Summer Vacation

The CNN article you quote is from 2020/03/30. Sorry, here is a more recent article https://nypost.com/2020/05/28/healthy-people-should-wear-masks-only-if-caring-for-coronavirus-patients-who-says/ Irregardless, I will not be wearing a mask but feel free to wear one if it makes you feel better. It is...
by WJW
Sat May 30, 2020 7:54 pm
Forum: Personal Consumer Issues
Topic: Carolina/Virginia Summer Vacation
Replies: 56
Views: 3269

Re: Carolina/Virginia Summer Vacation

Please don’t come to Hilton Head. You might want to lock yourself in your house for the vacation season as Hilton Head is expecting a lot of tourists this year. Let the rest of us live our lives and take any risks we deem necessary associated with same. We are talking about a pandemic, not cliff di...
by WJW
Sat May 30, 2020 7:40 pm
Forum: Personal Consumer Issues
Topic: Carolina/Virginia Summer Vacation
Replies: 56
Views: 3269

Re: Carolina/Virginia Summer Vacation

Old Guy wrote: Sat May 30, 2020 7:13 pm Please don’t come to Hilton Head.
You might want to lock yourself in your house for the vacation season as Hilton Head is expecting a lot of tourists this year. Let the rest of us live our lives and take any risks we deem necessary associated with same.